East Bay/Oakland office market reports

Q2 2023: As remote and hybrid work persist, landlords face ongoing challenges in navigating the office market. Office demand is hindered, leading to an increase in concession packages and widening the gap between asking rents and net effective rents. Nevertheless, there is a glimmer of hope for the market with PG&E's substantial lease, as it brings the prospect of a quarter with significantly high positive absorption, a feat not witnessed in years.


Job postings

Remote jobs as a share of total job postings continue to hold ground.


The gap between Class A asking rents and net effective rents continue to widen.
656k sf

Net absorption

PG&E move-in bolsters Q2 2023 positive absorption. 

Your source for the latest East Bay/Oakland office market reports

Get in-depth office market reports and insights from commercial real estate experts in the Greater East Bay/Oakland area. Avison Young advisors look at East Bay/Oakland commercial real estate activities and the latest East Bay/Oakland statistics to provide you expert market research on East Bay/Oakland's office properties.

Explore different topics like the latest office market pricing trends and analysis of East Bay/Oakland's current office real estate market conditions. Gain a better understanding of East Bay/Oaklands office real estate outlook and stay ahead of current office space trends. Make smart decisions when it comes to investing in office properties in East Bay/Oakland's competitive office real estate market. Avison Young is your trusted source for commercial real estate office market insights in East Bay/Oakland.

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